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“Apparently all is not quite as well as Mr Lund suggests. The client retention part is very much down to time-defined contracts, which run up to 31/12/2025.”

Those were the remarks of a senior trade source, who didn’t agree with DSV’s headline story – read: “Very limited customer attrition” – promoted in the Q3 25 investor pack released last week.

Look: is there hard evidence out there suggesting that DSV was too bullish, as its CEO also confirmed during the call with ...

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